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Towcester, Northamptonshire, UK

B&M Retail

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Overview

The property is prominently located in the out-of-town retail cluster of Towcester, an affluent market town in Northamptonshire approximately 10 miles south west of Northampton. The property is in close proximity to the roundabout junction of the A5 and A43, providing easy access to the M1. It comprises a standalone, modern, purpose built retail warehouse leased to B&M Retail Limited, which boasts more than 500 stores in the UK, has 25 000 employees and on average has 3m customer transactions per week. The company is a wholly owned subsidiary of the LSE listed and FTSE 100 member B&M European Value Retail S.A.

Location

Towcester, Northamptonshire, UK

Building use

A single storey, modern stand alone retail warehouse

Size of building

21 174 square foot (site cover of 25%)

Tenant

B & M Retail Limited

Lease expiry date

28 September 2033

Acquisition yield

6%

Type of lease

Fully repairing and insuring (i.e. tenant responsible for all operating costs), upwards only 5 yearly rental reviews

Location

Further holdings

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